Do physicians really need financial planning
If you have the knowledge, skills, experience, time and energy to handle your own finances—it would be silly to pay a professional to do it for you. However, if you are missing even one of these important elements, it makes sense for you to hire us to make the process faster, simpler and more secure for you.
Do you specialize in working with Physicians ?
Yes, we’re passionate about serving physicians .We firmly believe that you are working hard and making a lot of critical financial decisions. Too often, physicians end up waiting until they’re in their 50’s to take a closer look at their finances. Unfortunately, by then, we have lost our biggest advantage, time. When you build your financial plan early, you’re able to leverage your wealth to live an exceptional life now while still planning for an incredible future and retirement. Most importantly, by financially helping physicians and their families,we believe that we are helping you to be mentally free to fully concentrate on your profession which is “saving lifes and families”. Hence it is a matter of great satisfaction for us to be indirectly involved in the same profession as yours which is “saving lifes and families”
Will you work with my chartered accountant
Absolutely! You can continue availing the services of any CA or tax preparer of your choice. Many of our clients have long-standing relationships with their tax advisor who is familiar with their histories and the reasons for certain tax planning strategies.
If you use your own tax professional, we collaborate closely with them in several ways:
- First, we make sure that your investment plan falls in line with any tax mitigation strategies that you may already have in place.
- Second, we work directly with your current Chartered Accountant or tax preparer, estate planning attorney, insurance agents, and other professionals ever needed. Rest assured, we’ll coordinate seamlessly from our end with the rest of your professional team to simplify your life and to ensure everyone stays up to speed on your goals and needs.
- Third, we make sure your tax advisor receives all the investment and related information necessary to prepare your tax returns. Plus, we do it on time, so you no longer have to worry about last-minute tax calculations.
And if you don't have a financial team, we can help you build one by recommending some great people who have experience serving physicians and their families.
In case Virtuous shuts down, how is my money secured?
Your money is invested directly with SEBI(Securities and Exchange Board of India) registered fund houses only (fund houses like : ICICI Prudential, SBI, HDFC etc). You will get regular statements from these fund houses directly on your email-id. In case of the unlikely event of Virtuous shutting down, you can easily claim your investments from these fund houses. Alternatively, you can get a consolidated statement of all your investments from CAMS directly by sending a mail to them from your registered email id. You can also directly transfer your holding with us to any other provider including any banks/NBFCs.
Will you sell my personal data?
We have utmost respect for the confidentiality of your personal and financial information and the discussions between us. Except where such a disclosure is required to be made in compliance with any law for the time being in force, we promise to you that your information/ matter of our discussion will not be shared with any third party without your express prior consent.
How do I track my investments done through Virtuous and see my progress??
We provide you online portfolio access through our website and mobile. You can login anytime with your user id and password to view your portfolio.You will also be getting regular updates on your portfolio through your email.
Most importantly, we will have regular quarterly review’s with you to discuss the progress of your financial plan and goal achievement status.